NEW YORK, May 4 /PRNewswire-FirstCall/ -- NexCen Brands, Inc. (the "Company") announced today it has filed a resale shelf registration with the Securities and Exchange Commission to register shares of its common stock that the Company issued in connection with its acquisitions of The Athlete's Foot, Bill Blass, MaggieMoo's and the Waverly brand. The Company is registering these shares pursuant to the terms of registration rights agreements with the stockholders that acquired these shares.
The Company will not receive any proceeds from potential sales of stock by the holders of the shares to be registered. In addition, once the shares are registered for resale, holders continue to be subject to lock-up provisions that limit the amount of shares that they may be entitled to sell, as we discuss in the registration statement.
About NexCen Brands, Inc. (http://www.nexcenbrands.com/)
NexCen Brands, Inc. is the premier 21st century brand acquisition and management company focused on assembling a diversified portfolio of intellectual property (IP) centric companies operating in the consumer branded products and franchise industries. The Company owns, licenses, franchises and markets a growing portfolio of consumer and franchise brands including The Athlete's Foot(R), Bill Blass(R), MaggieMoo's(R), Marble Slab Creamery(R) and Waverly(R). The Company licenses and franchises its brands to a network of leading retailers, manufacturers and franchisees that touch every major segment of retail distribution from the luxury market to the mass market in the U.S. and in over 42 countries around the world and consists of in excess of 1,150 of its own franchised stores. NexCen, through its information technology (IT) and franchisee support systems and advertising, marketing and public relations team, markets its brands to continually drive greater consumer awareness and brand equity for each of its brands. NexCen touches nearly every aspect of a consumer's lifestyle from the food they eat to the furnishings in their homes and the clothes and footwear they purchase.
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